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August 16, 2012
In releasing its second quarter results, residential construction lender Blueprint Capital of Seattle said raising capital to expand is a priority. Company earnings increased to $865,475, up 68 percent compared to a year ago. It was the 10th consecutive quarterly profit for the company, which focuses on green builders. During the quarter, the company funded 51 loans totaling $34.3 million, and total assets grew 78 percent to $45 million. Annualized return on average assets was 8.5 percent and return on average equity was 13.6 percent. Blueprint uses proprietary software to originate and service loans. Company CFO Mark Knoll said the technology will allow Blueprint to expand in new locations.